CrowdStrike (NASDAQ:CRWD) Stock Price Down 5.2% – Should You Sell?

CrowdStrike (NASDAQ:CRWD)’s stock price dropped 5.2% during mid-day trading on Thursday . The company traded as low as $431.39 and last traded at $444.62. Approximately 5,215,899 shares changed hands during mid-day trading, an increase of 86% from the average daily volume of 2,807,959 shares. The stock had previously closed at $469.19.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $621.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. KeyCorp restated a “sector weight” rating on shares of CrowdStrike in a research report on Monday, January 12th. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Piper Sandler lifted their price target on shares of CrowdStrike from $450.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Citizens Jmp restated a “market outperform” rating and set a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.21.

CrowdStrike Trading Down 5.2%

The stock has a market capitalization of $112.09 billion, a price-to-earnings ratio of -352.87, a P/E/G ratio of 115.72 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $482.16 and a two-hundred day moving average of $477.76.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.CrowdStrike’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the completion of the sale, the chief executive officer owned 2,090,532 shares of the company’s stock, valued at approximately $1,006,340,294.16. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the transaction, the chief financial officer directly owned 179,114 shares in the company, valued at approximately $86,571,169.62. This trade represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,048 shares of company stock worth $34,509,857 in the last ninety days. Company insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently modified their holdings of CRWD. Disciplined Equity Management Inc. increased its holdings in shares of CrowdStrike by 0.8% during the 3rd quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after acquiring an additional 20 shares during the last quarter. TD Private Client Wealth LLC boosted its position in CrowdStrike by 6.4% during the third quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock worth $164,000 after purchasing an additional 20 shares during the period. Financially Speaking Inc increased its holdings in shares of CrowdStrike by 26.7% in the third quarter. Financially Speaking Inc now owns 95 shares of the company’s stock valued at $47,000 after purchasing an additional 20 shares during the last quarter. Catalyst Financial Partners LLC raised its position in shares of CrowdStrike by 1.6% in the third quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock valued at $611,000 after purchasing an additional 20 shares during the period. Finally, Fire Capital Management LLC lifted its stake in shares of CrowdStrike by 1.7% during the 3rd quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock worth $608,000 after buying an additional 21 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.